So basically it’s not falling because of mixed reaction, it’s falling because people cashing in
Comment on Nintendo stock falls after mixed reaction from Switch 2 announcement
slazer2au@lemmy.world 2 days ago
This is not big daddy N loosing a bunch of money, this is a market correction. People purchased shares 2 days ago expecting an announcement and the price has returned to normal
finance.yahoo.com/quote/NTDOY/?guccounter=1
The shares were at 15.56 and are now at 14.81.
It is still up 2% over the past week, 6% over the last 6 months, an 8.5% over the last year, and a whopping 51% over the last 5 years.
psx_crab@lemmy.zip 2 days ago
slazer2au@lemmy.world 2 days ago
You could say it is falling because the announcement didn’t meet investors expectations but we must never use that as a gauge of success.
False@lemmy.world 1 day ago
Aka “buy the rumor, sell the news”
rustyfish@lemmy.world 2 days ago
Thanks for the clarification. The headline sounded fishy.
slazer2au@lemmy.world 2 days ago
They always do. I remember when EA shares dropped by like 3% in a day after an announcement about a game people were like " it’s the end of EA". But then you look at the graph beyond a week and it was still up be several percent.
bjoern_tantau@swg-empire.de 2 days ago
Stocks almost always fall after such an announcement.